Regional Management (NYSE:RM) Stock Rating Lowered by Wall Street Zen

Regional Management (NYSE:RM) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other research firms have also commented on RM. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Citizens Jmp decreased their target price on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Stock Down 3.6%

RM stock opened at $31.62 on Friday. The company has a market capitalization of $291.83 million, a price-to-earnings ratio of 6.66 and a beta of 1.02. The business’s 50 day moving average price is $38.74 and its two-hundred day moving average price is $36.30. Regional Management has a fifty-two week low of $30.46 and a fifty-two week high of $46.00. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.The business had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.

Insiders Place Their Bets

In related news, Director Sandra K. Johnson sold 1,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.00, for a total transaction of $36,000.00. Following the sale, the director directly owned 21,933 shares of the company’s stock, valued at $789,588. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Steven B. Barnette sold 3,274 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $43.30, for a total value of $141,764.20. Following the completion of the transaction, the chief accounting officer directly owned 13,472 shares of the company’s stock, valued at approximately $583,337.60. This trade represents a 19.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,874 shares of company stock worth $245,028. Corporate insiders own 10.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RM. Russell Investments Group Ltd. lifted its holdings in Regional Management by 9.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 350 shares during the period. Royal Bank of Canada grew its stake in shares of Regional Management by 2.4% during the 1st quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after purchasing an additional 375 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Regional Management by 9.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 425 shares during the period. First Trust Advisors LP increased its position in shares of Regional Management by 1.6% during the 4th quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider’s stock valued at $1,085,000 after purchasing an additional 436 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Regional Management by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,464 shares of the credit services provider’s stock valued at $563,000 after purchasing an additional 473 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.